FBM KLCI barely moves on Friday as investors stay on sidelines

SOFT market sentiment saw Bursa Malaysia’s barometer index barely move throughout the day as global uncertainties continued to keep investors on the sidelines pending crucial US jobs data slated for release Friday.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.88 of-a-point to 1,441.97 with continued modest gains by Petronas Chemicals helping to curb further losses.

The barometer index opened 1.12 points better at 1,443.97 from Thursday’s (Dec 7) close of 1,442.85 and moved between 1,441.09 and 1,446.13 today.

The market breadth was slightly positive with 453 decliners and 377 gainers, while 488 counters were unchanged and 1,019 untraded.

Turnover shrank to 2.99 billion units valued at RM1.99 bil from Thursday’s 3.01 billion units valued at RM1.98 bil. – Dec 8, 2023

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